The Round Levels Indicator is helpful in identifying trend levels and analyzing price behavior at critical zones. It plots round levels on the chart to highlight key market points.

This indicator gives traders essential signals for potential trend changes when prices approach these round levels.

Round Levels Trading Specifications Table

Key specifications of the Round Levels Indicator are presented in the table below:

Uptrend Conditions

The following chart shows the price movement of the EUR/USD pair in a 1-minute timeframe.

The round levels 1.07200 and 1.072100, also known as key points, are areas with a high volume of orders, such as stop loss, take profit and pending orders.

Traders can use the breakout of the blue levels as entry points.

Downtrend Conditions

The following chart illustrates the price movement of the USD/CAD pair in a one-minute timeframe.

Here, the round levels 1.39400 and 1.39300 act as areas where a large volume of orders, such as take profit, stop loss, and pending orders, is accumulated.

Breaking these round lines creates entry opportunities for traders.

Indicator Settings

Table below displays the main settings of the Round Levels Indicator:

• Chart Theme: Chart theme
• Display Type: Display type
• Show Labels: Show labels
• Figure Lines Width: Figure lines width
• Figure Lines Style: Figure lines style
• Halves Lines Width: Halves lines width
• Quarter Lines Width: Quarter line width
• Quarter Lines Style: Quarter line style
• Alerts On: Alerts on
• Alerts Message: Alerts message
• Alerts Sound: Alerts sound
• Alert Type: Alert type
• Sound File: Sound file

Conclusion

The Round Levels Indicator highlights price zones that can indicate potential trend changes when the price interacts with these levels.

Round levels are key points in financial markets used to identify support and resistance as well as entry and exit points.